LSE to sell Servizio Titoli for £26m

The London Stock Exchange, which is currently seeking to buy the owner of the Toronto Stock Exchange, said it had sold its non-core Italian unit Servizio Titoli to Computershare.

The LSE said it would sell the unit for an initial amount of 30 million euros (£26.4m). Servizio Titoli provides shareholder management services to listed companies in Italy.

The LSE's proposed C$3 billion (£1.9bn) purchase of TMX Group , which runs the Toronto Stock Exchange, would create a $7bn trans-atlantic exchange doing $4 trillion in trading annually.